Trading Robot Extreme EA MT4 Guide and Tutorial

juliobueno · Aug 6, 2024

EXTREME EA is a professional EA built on EURUSD pair behaviors on the FOREX market. Fully automated with the AUTO TRADE MODE and fully customable with the DOUBLE MONEY MANAGEMENT system. The AUTO TRADE MODE will use the best parameters, you need only to activate the strategy from the menu and choose your risk level.

Launching MetaTrader VPS: A step-by-step guide for first-time users

Everyone who uses trading robots or signal subscriptions sooner or later recognizes the need to rent a reliable 24/7 hosting server for their trading platform. We recommend using MetaTrader VPS for several reasons. You can conveniently pay and manage the subscription through your MQL5.community account. If you haven't registered on MQL5.com yet, take a moment to sign up and specify your account in the platform settings.

1. Getting started

Connect to the trading account for which you want to run a VPS, and you are ready to migrate your platform to the cloud. The most straightforward way is to click on the "Open MQL5 Virtual Hosting" icon in the platform's top menu:

You can also select the virtual server option in the Navigator or in the trading account's context menu. A window will open showing the closest server and an estimated reduction in the delay compared to your current connection. Lower network latency provides better trading execution conditions, such as minimized slippage and reduced probability of a requote.

2. Service plans

Before choosing a payment plan, check if your broker offers MetaTrader 5 virtual hosting for free. Brokers participating in our recently launched Sponsored VPS program can provide virtual hosting to their clients as a bonus, subject to certain conditions.

Choose a VPS subscription plan: the longer the rental period, the lower the monthly cost. The plan can be changed when the rental period expires, that is, after a month. An auto-renewal option is provided for those who prefer a hands-off approach to monitoring the service status. This option can be enabled or disabled at any time. Furthermore, before any payments, the system will check the hosting status. If it is inactive, the subscription will not be renewed, safeguarding you from unnecessary expenses on unused servers.

Please note that if the subscription is interrupted, all hosting data will be lost. The server can be rented again, but you will have to re-configure the entire environment. The auto-renewal option can assist in avoiding such a situation.

3. Payment

All your payments are registered on MQL5.com, ensuring a unified and transparent hosting rental history. This eliminates the need to search for payments across different payment systems if such information is ever needed. Pay using your preferred method and access all transaction details in your profile. The hosting is ready for use immediately after payment, and thus you can proceed to migrate your local platform environment to the virtual server.

4. Preparation

Migration means transferring the current active environment from the trading platform to the virtual one. Your pre-configured set of charts, Expert Advisors, indicators, and copied signals can be seamlessly transferred to the VPS with a single command. A copy of your platform with the relevant settings and programs will run on the virtual server. Therefore, you need to prepare your local platform before migrating.

In the Market Watch window, set up the list of symbols required for your Expert Advisors' operation. Remove unused symbols and charts to reduce resource consumption. Add the necessary indicators and Expert Advisors to the charts for autonomous operation. Most trading robots do not use on-chart indicators, so review all programs and leave only the required ones. If your Expert Advisor will send emails, submit data via FTP, or copy Signal trades, specify the relevant settings. To copy signals, please make sure to specify your MQL5.community account credentials in the Community tab.

Read more about preparation

5. Migration

The trading environment is migrated with each synchronization of the platform. Synchronization is always performed in one direction: the local platform environment is migrated to the virtual platform, never the reverse. The virtual platform status can be monitored using platform and Expert Advisor logs, as well as via virtual server monitoring data.

To start synchronization, go to the VPS section and select the migration type:

Full – if you want to simultaneously run Expert Advisor/indicators and copy signal subscriptions. In this mode, account connection data, all open charts, signal copying parameters, running Expert Advisors and indicators, FTP parameters, and email settings are copied to the virtual server.
Expert – run Expert Advisors and indicators.
Signal – copy a signal subscription.

The available history data for all open charts is automatically uploaded to the VPS during the first synchronization. Fetching history from the trading server may take some time, and all robots running on the charts should correctly process the updated data.

Automated trading is always enabled in the virtual platform even if it is disabled in local platform settings or in the running Expert Advisor's parameters.

Scripts are not transferred during migration even if they were running in an endless loop during synchronization.

Charts with non-standard or custom timeframes and symbols are not migrated.

Accounts with one-time password authentication cannot be used on the VPS. Autonomous platform operation is impossible if manual one-time password specification is required for each connection.

Read more about migration

6. Operation

You can monitor the state of the rented server from the trading platform. The Tools \ VPS section provides the following options:

View the virtual server data
Synchronize the environment by performing the immediate migration
Request platform and Expert Advisor logs
Stop the server

Watch our new video to learn how to analyze virtual hosting reports and how to control your subscriptions.

To monitor the operation of the virtual platform, use the VPS \ Log section.

For further details about how to monitor the VPS please read the Documentation.

BONUS TIPS

NECESSARY: YOU NEED TO ACTIVATE THE STRATEGY FROM EXPERT SETTINGS, CHECK FIRST SCREENSHOT

NECESSARY: DOWNLOAD TRENDPOWER INDICATOR AND COPY IT IN YOUR MQL4/INDICATORS FOLDER TO RUN CORRECTLY THE EXPERT: click here

IMPORTANT: EA works ANALYZING TICKS NOT CANDLES, run backtest in Every Ticks mode only

RECOMENDED USE OF THE EA: PAIR: EURUSD - TF: M15 - DEPOSIT: min 200 - LEVERAGE: 1:500 - ECN account with 0 spread or low spread standard account

Best features:

Only trades with STOP LOSS
Double money management type: fixed & percentage for a full control of the risk
Auto trade mode for a full automated trading
3 risk levels selectable
No scalping, No martingale, No Grid, no risky trading methods
Works on small account
Low drawdown
High winning % trades

RISK LEVEL DESCRIPTION If in AUTO TRADE MODE, the expert will use the pre-setted risk levels. IMPORTANT: the maximum risk is a POTENTIAL MAXIMUM RISK, it's not for sure that the expert will open the maximum number of trades setted, it will do only if conditions will be valid on the market.

LowerRiskLevel: max 2 open trades with 5% risk per trade for a POTENTIAL maximum risk of 10% of the balance
MediumRiskLevel: max 4 open trades with 5% risk per trade for a POTENTIAL maximum risk of 20% of the balance
HighestRiskLevel: max 8 open trades with 5% risk per trade for a POTENTIAL maximum risk of 40% of the balance

MANUAL SETTINGS

If AUTO TRADE MODE is disabled, you can use manual settings for your personal optimizzation. FOLLOWING SETTINGS ARE VALID ONLY IF AUTO TRADE MODE IS OFF

- Magic Number: orders identifier

- Money Management Type: fixed or percentage

- Fixed lot size: set the fixed lot size the expert will use. Only if MM Type = fixed

- Risk in % per trade: set the % of the balance to risk per trade. Only if MM Type = percentage

- Max simultaneous trade: set the max number of trades the expert can open

- Stop Loss: set stop loss in pips

- Take Profit: set take profit in pips

- Max spread in pips: set the maximum spread in pips allowed

- Max slippage in pips: set the maximum slippage in pips allowed

BACKTEST SECTION Backtest is the only instrument you have to analyze the expert before buy it: check potential profits, drawdown, trading frequency and winning percentage trades. Be sure that your backtest is 99,90% quality and test the solidity of the strategy backtesting a long period (3 or 5 years).

Our goal is to test our product emulating the nearest real market condition. Market condition emulated for our backtest: ECN 5 digits account with variable spread from minimum 1 point to maximum 10 points - Commissions 5,5 USD per lot - Latency from 20ms to 100ms - Swap included (check screenshots for details)

To do this, we use TICK DATA SUITE that gives us the following features:

99,90% Quality and zero mismatched chart errors
Real and variable spreads from DUKASCOPY ticks
Slippage emulated
GMT & DTS time
Commission for ECN account
Swap included

Backtest N.1: Auto trade mode with the Lower Risk Level and 1000 initial capital - Full report: http://www.qfxteam.com/extrememt4/report/lowerrisklevelMT4.htm

Backtest N.2: Auto trade mode with the Medium Risk Level and 1000 initial capital - Full report: http://www.qfxteam.com/extrememt4/report/mediumrisklevelMT4.htm

Backtest N.3: Auto trade mode with the Highest Risk Level and 1000 initial capital - Full report: http://www.qfxteam.com/extrememt4/report/highestrisklevelMT4.htm

tty32 · Oct 10, 2024

thanks

Trading Robot Extreme EA MT4 Guide and Tutorial

Currently reading: Trading Robot Extreme EA MT4 Guide and Tutorial

juliobueno

1. Getting started​

2. Service plans​

3. Payment​

4. Preparation​

5. Migration​

6. Operation​

BONUS TIPS​

tty32

"S'all Good, Man."​

"Perfection Is The Enemy Of Perfectly Adequate."​

"Money Is The Point!"​

"I Travel In Worlds You Can't Even Imagine."​

"Say Nothing, You Understand? Get A Lawyer!"​

“Confidence is good. Facts on your side, better.” ​

“Facts are facts.”​

“Sometimes the good guys win.”​

“I’m not good at building shit, you know? I’m excellent at tearing it down.”​

“Money is not beside the point… Money is the point.”​

“Whoa, whoa. Hold up. What the hell happened to you? I get it, the first rule of Fight Club, right?”​

“A good magician never reveals his secrets.”​

“Got to look successful to be successful.”​

“The lesson is, if you’re gonna be a criminal, do your homework.” ​

“If I had to do it all over again, I would maybe do some things differently. I just thought you should know that.”​

“Some men aren't looking for anything logical. They can't be bought, bullied, reasoned or negotiated with. Some men just want to watch the world burn.”​

"Ernest Hemingway once wrote, "The world is a fine place and worth fighting for." I agree with the second part."​

“There’s no better way to destroy someone’s life than to uncover their secrets.”​

“Hackers are breaking the systems for profit. Before, it was about intellectual curiosity and pursuit of knowledge and thrill, and now hacking is big business.”​

“Hackers often describe what they do as playfully creative problem-solving.”​

“Computer hackers do not need to know each other’s real names, or even live on the same continent, to steal millions in mere hours."​

“While many hackers have the knowledge, skills, and tools to attack computer systems, they generally lack the motivation to cause violence or severe economic or social harm.”​

“Very smart people are often tricked by hackers, by phishing. I don’t exclude myself from that. It’s about being smarter than a hacker. Not about being smart.”​

“At the end of the day, my goal was to be the best hacker.”​

“Humiliation is the favorite currency of the hacker.”​

“The hacker didn’t succeed through sophistication. Rather he poked at obvious places, trying to enter through unlocked doors. Persistence, not wizardry, let him through.”​

"Rules. Without Them We Live With The Animals.”​

“Consider This A Professional Courtesy.”​

"I've Lived My Life My Way, And I'll Die My Way."​

"You stabbed the devil in the back, and forced him back into the life that he had just left."​

"You Want A War, Or Do You Want To Just Give Me A Gun?"​

"Leave one wolf alive and the sheep are never safe."​

"When you play the game of thrones, you win or you die. There is no middle ground."​

"It's not easy to see something that’s never been before: A good world."​

"I believe in second chances. I don't believe in third chances."​

"If you only trust the people you grew up with, you won't make many allies."​

"A man with no motive is a man no one suspects. Always keep your foes confused: If they don't know who you are, what you want—they can't know what you plan to do next."​

"Never forget what you are, the rest of the world will not. Wear it like armor and it can never be used to hurt you."​

"I try to know as many people as I can. You never know which one you'll need."​

"It's hard to put a leash on a dog once you've put a crown on its head."​

“Everything before the word ‘but’ is horseshit.”​

“A lion doesn’t concern himself with the opinions of a sheep.”​

“Nothing FUCKS you harder than time.”​

“You pray for rain, you gotta deal with the mud too. That’s a part of it.”​

“I’d be more frightened by not using whatever abilities I’d been given.”​

“Luck is where opportunity meets preparation.”​

“If you have an enemy, then learn and know your enemy, don’t just be mad at him or her.”​

“Every failed experiment is one step closer to success.”​

When you work on a computer your hands travel 20 kilometres a day!​

Fugaku supercomputer is the world’s fastest computer. The $1-billion supercomputer has 7,630,848 cores, requires 29,899 kilowatts of electricity, and can execute 442,010 teraFLOPs.​

“Every day, about 317 million new viruses are discovered.​

“Microsoft’s founder, the infamous Bill Gates, was actually a college dropout."​

Did you know?​

“On average, a human blinks 20 times per minute, but using a computer reduces it to 7."​

Did you know?​

“The most common password for a computer and social media platforms is 123456."​

Did you know?​

“There are eight varieties of computers: mainframe, supercomputer, workstation, personal computer, Apple Macintosh, laptop, tablet, and smartphone."​

Did you know?​

“Linux leads the industry as it is used by Google, Facebook, Twitter, and Amazon."​

Did you know?​

“NASA computers were hijacked by a 15-year-old, resulting in a 21-day halt."​

Did you know?​

“You may heat a room with Gaming PCs more effectively than a heater."​

Did you know?​

“Physical money accounts for just around 10% of global cash, while the rest is stored on computers."​

Did you know?​

“YouTube actually started as a dating website." (Oh crap xD)​

Did you know?​

Currently reading:
Trading Robot Extreme EA MT4 Guide and Tutorial

1. Getting started

2. Service plans

3. Payment

4. Preparation

5. Migration

6. Operation

BONUS TIPS

"S'all Good, Man."

"Perfection Is The Enemy Of Perfectly Adequate."

"Money Is The Point!"

"I Travel In Worlds You Can't Even Imagine."

"Say Nothing, You Understand? Get A Lawyer!"

“Confidence is good. Facts on your side, better.”

“Facts are facts.”

“Sometimes the good guys win.”

“I’m not good at building shit, you know? I’m excellent at tearing it down.”

“Money is not beside the point… Money is the point.”

“Whoa, whoa. Hold up. What the hell happened to you? I get it, the first rule of Fight Club, right?”

“A good magician never reveals his secrets.”

“Got to look successful to be successful.”

“The lesson is, if you’re gonna be a criminal, do your homework.”

“If I had to do it all over again, I would maybe do some things differently. I just thought you should know that.”

“Some men aren't looking for anything logical. They can't be bought, bullied, reasoned or negotiated with. Some men just want to watch the world burn.”

"Ernest Hemingway once wrote, "The world is a fine place and worth fighting for." I agree with the second part."

“There’s no better way to destroy someone’s life than to uncover their secrets.”

“Hackers are breaking the systems for profit. Before, it was about intellectual curiosity and pursuit of knowledge and thrill, and now hacking is big business.”

“Hackers often describe what they do as playfully creative problem-solving.”

“Computer hackers do not need to know each other’s real names, or even live on the same continent, to steal millions in mere hours."

“While many hackers have the knowledge, skills, and tools to attack computer systems, they generally lack the motivation to cause violence or severe economic or social harm.”

“Very smart people are often tricked by hackers, by phishing. I don’t exclude myself from that. It’s about being smarter than a hacker. Not about being smart.”

“At the end of the day, my goal was to be the best hacker.”

“Humiliation is the favorite currency of the hacker.”

“The hacker didn’t succeed through sophistication. Rather he poked at obvious places, trying to enter through unlocked doors. Persistence, not wizardry, let him through.”

"Rules. Without Them We Live With The Animals.”

“Consider This A Professional Courtesy.”

"I've Lived My Life My Way, And I'll Die My Way."

"You stabbed the devil in the back, and forced him back into the life that he had just left."

"You Want A War, Or Do You Want To Just Give Me A Gun?"

"Leave one wolf alive and the sheep are never safe."

"When you play the game of thrones, you win or you die. There is no middle ground."

"It's not easy to see something that’s never been before: A good world."

"I believe in second chances. I don't believe in third chances."

"If you only trust the people you grew up with, you won't make many allies."

"A man with no motive is a man no one suspects. Always keep your foes confused: If they don't know who you are, what you want—they can't know what you plan to do next."

"Never forget what you are, the rest of the world will not. Wear it like armor and it can never be used to hurt you."

"I try to know as many people as I can. You never know which one you'll need."

"It's hard to put a leash on a dog once you've put a crown on its head."

“Everything before the word ‘but’ is horseshit.”

“A lion doesn’t concern himself with the opinions of a sheep.”

“Nothing FUCKS you harder than time.”

“You pray for rain, you gotta deal with the mud too. That’s a part of it.”

“I’d be more frightened by not using whatever abilities I’d been given.”

“Luck is where opportunity meets preparation.”

“If you have an enemy, then learn and know your enemy, don’t just be mad at him or her.”

“Every failed experiment is one step closer to success.”

When you work on a computer your hands travel 20 kilometres a day!

Fugaku supercomputer is the world’s fastest computer. The $1-billion supercomputer has 7,630,848 cores, requires 29,899 kilowatts of electricity, and can execute 442,010 teraFLOPs.

“Every day, about 317 million new viruses are discovered.

“Microsoft’s founder, the infamous Bill Gates, was actually a college dropout."

Did you know?

“On average, a human blinks 20 times per minute, but using a computer reduces it to 7."

Did you know?

“The most common password for a computer and social media platforms is 123456."

Did you know?

“There are eight varieties of computers: mainframe, supercomputer, workstation, personal computer, Apple Macintosh, laptop, tablet, and smartphone."

Did you know?

“Linux leads the industry as it is used by Google, Facebook, Twitter, and Amazon."

Did you know?

“NASA computers were hijacked by a 15-year-old, resulting in a 21-day halt."

Did you know?

“You may heat a room with Gaming PCs more effectively than a heater."

Did you know?

“Physical money accounts for just around 10% of global cash, while the rest is stored on computers."

Did you know?

“YouTube actually started as a dating website." (Oh crap xD)

Did you know?

“Before they could progress as stable brands, Microsoft, HP, and Apple began manufacturing computers in their Garages."

Did you know?

“For every 12 million email spams, only one gets a reply."